ACCOUNTING CONCEPTS 0.0 / 5 ? AccountingAccounting conceptsASAQA Created by: chloebuckbyCreated on: 14-09-15 10:41 7245613 Across 1. items grouped together (11) 5. business and the owner have different identities (7) 7. the business is more than likely going to continue trading (5, 7) Down 2. once the concept is chosen it should not change (11) 3. should be recorded in the year they take place (8) 4. no personal opinions should help valuations (11) 6. the lower of the cost and NRV (8)
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